August 17, 2022 #1 Local News, Information and Event Source for the Century City/Westwood areas.

Bel Air Megamansion ‘The One’ Is Finally Being Put up for Sale

$295 million asking price for infamous property

By Dolores Quintana

The One, the most famous of all the megamansions and allegedly the biggest and most over the top of them all, has finally been listed for sale at $295 million as reported by Realtor.com. In addition, the home will be part of an online auction starting in February. As quoted by Realtor.com, the listing agent Aaron Kirman of Aaron Kirman group says simply, “It’s one of a kind.” The property will also be represented in the sale by Williams and Willams agents Branden and Rayni Williams at the Beverly Hills Estates. Concierge Auctions will manage the online auction as partners to both of these agents. The bidding will be open worldwide from February 7 through February 10 unless the property is purchased before the bidding opens. It can take a while to sell such a huge property but real estate agent Rayni Williams was quoted by Realtor.com and she said,  “There’s a reason ‘The One’ is setting a new high watermark for global real estate. [It has] more flat land, coupled with the biggest views—more so than any other property previously for sale in Los Angeles.”

The One would come to a buyer completely furnished, even though it still lacks a certificate of occupancy permit and still needs to be inspected by the city for safety and code compliance before anyone can occupy the property. 

Realtor Branden Williams says, “Of California’s many world-class locales, Bel-Air continues to attract some of the world’s biggest stars, because of its reputation for the utmost residential privacy, fantastic weather, and relaxed local lifestyle.” as quoted by Realtor.com

Nile Niami is the developer who bought the property and built the megamansion, but he no longer owns it. Niami defaulted on $165 million in debts and the property is now owned by a third party as part of a receivership. 

Real estate agent Kirman said “It’s the kind of house that could never be built again.” as quoted by Realtor.com.

The megamansion spans 105,000 square feet and is double the space of the White House. It comes with the most luxurious amenities like a 64 foot indoor pool in addition to a 5000 square  master bedroom that comes with its own private pool. The home has a curated art collection, bowling alley, tennis court, and an onsite nightclub. The rooms have 26 foot ceilings and that second level comes with a two story room that can be used as an office or a library. The home has magnificent views of the entire city from its hillside location. 

The lower level has a beauty salon, juice bar, theater, gym and a 10,000 bottle wine cellar. In addition to all that, the property has a three bedroom guest house, six elevators, and a 30 car garage in addition to five outdoor pools in the yard area that is encircled by 30 foot palm trees. 

Kirman says that his office has already been contacted by billionaires who are interested in the megamansion. He says, “It’s a once-in-a-lifetime opportunity to acquire one of the finest residential sites in the world,” he says. “This really is the Mona Lisa of real estate. For those who can afford it, it’s a great opportunity.” by Realtor.com.

in News
Related Posts

Firefighters Contain Beverly Crest Brush Fire

August 16, 2022

August 16, 2022

No damage reported in Monday afternoon incident By Sam Catanzaro Firefighters from multiple departments contained a brush fire that broke...

Los Angeles Officials Propose Outright Citywide Ban on Oil Drilling

August 16, 2022

August 16, 2022

Ordinance would prohibit new oil and gas extraction and phase out existing extraction operations Last week the Los Angeles City...

Bonin Targets Sawtelle Parking Lot for Community Space

August 13, 2022

August 13, 2022

11312 W. Idaho Avenue parking lot subject of City Council motion By Dolores Quintana City Councilmember Mike Bonin has proposed...

Column: Time to Crack Down on Vacant Homes’ Owners

August 12, 2022

August 12, 2022

By Tom Elias, Columnist ​​There is no doubt California has a housing shortage. That’s fact even in the wake of...

Metro To Hold Community Meetings About Potential Green Line Extension

August 12, 2022

August 12, 2022

By Dolores Quintana Los Angeles Metro is holding a series of public meetings to discuss extending the Metro C or...

LA City Council Approves Expanded Anti-Camping Ordinance

August 11, 2022

August 11, 2022

Bonin one of three not votes in expansion of LAMC section 41.18 Los Angeles City Council has banned homeless encampments...

Review: A Santa Monica Restaurant’s New Happy Hour is Top-Notch

August 10, 2022

August 10, 2022

By Dolores Quintana Birdie G’s in Santa Monica has a new Happy Hour and it is something special. For one...

Missouri Place: Let’s Celebrate a Real Victory

August 10, 2022

August 10, 2022

Brentwood resident Tom Safran is known for being a world-class builder of affordable housing.  He is really in the business...

Best of Century City-Westwood Awards Voting Now Open

August 9, 2022

August 9, 2022

Cast your vote to support your favorite local businesses  Voting is now open for Century City-Westwood News’ annual Best of...

Another Mountain Lion Dies After Being Hit by a Car

August 9, 2022

August 9, 2022

P-89 found dead along the shoulder of the 101 Freeway in Woodland Hills last month By Sam Catanzaro Another mountain...

City Council Sends Initiative to Ballot That Would Require Hotels to House Homeless in Empty Rooms

August 8, 2022

August 8, 2022

LA City Council unanimously approves measure for November ballot By Dolores Quintana Los Angeles City Council last week voted to...

Sawtelle Residential High-Rise Complete

August 8, 2022

August 8, 2022

The first high-rise residential development built west of the 405 in over 40 years is now leasing luxury apartments. Learn...

Holly Mitchell Calls for Update of MDR Vision Statement

August 5, 2022

August 5, 2022

By Dolores Quintana Marina Del Rey is now considered part of District Two in Los Angeles County and now falls...